Dollar General is a huge discount retailer that plans to get even bigger.
After a nasty island reversal in May,
DG
has recover very well. This tight action in price has caught my eye and today is making an inside bar with pivot buy at $256.10.
You can even say that is forming a cup & handle.
The bad thing is that it publishes earnings next week so, expect volatility. But, as the I like this base, I'll buy half a position and wait confirmation with a breakout above $262.50.
DLTR
is another retail leader that is making the same pattern.
After a nasty island reversal in May,
DG
has recover very well. This tight action in price has caught my eye and today is making an inside bar with pivot buy at $256.10. You can even say that is forming a cup & handle.
The bad thing is that it publishes earnings next week so, expect volatility. But, as the I like this base, I'll buy half a position and wait confirmation with a breakout above $262.50.
DLTR
is another retail leader that is making the same pattern.
I'll wait for the set up to form.